Stakeholders Influence on Successful Business Succession

Abstract

Family owned Bushiness face one extremely vital issue with their generational business succession due to poor performance the business succession process brings short-term life to the entire unit. A number of studies suggest conducting empirical research to find causes behind this issue; however this vicinity is lack with an integrated framework for empirical investigations. Here, Author has used stakeholder theory to build model by conducting an exploratory study for systematically examine the empirical and theoretical literature. Then, by extrapolating, interpolating, and making logical connections among those, that exploratory study has developed the conceptual framework and the hypotheses to measure the relative importance of different influences come from stakeholders in this critical process.